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alukav5142 [94]

3 years ago

9

Alex wants to have $3000 in his bank account after 4 years. If the account earns 6% interest compounded 2 times per year, how mu

ch should he put in?

1 answer:

ollegr [7]3 years ago

5 0

A=p(1+i/k)^kn,,3000=p(1+0.06/2)^2*4==2,368.23

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